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Industry News

Restaurant industry sales growth soars

By Alexander Galasso

06/02/2012 - Restaurants have been one of the fastest industries to recover from economic turmoil. Total industry sales for 2012 are predicted to reach a record high of $632 billion, growing 3.5 percent from last year. On top of that, restaurants are currently exceeding other industries in job growth. Projected to reach 12.9 million this year, restaurant employment will account for 10 percent of the national workforce.

"... Restaurant job growth is expected to outpace the overall economy for the 13th straight year, and it's clear that the restaurant industry is once again proving to be a significant economic stimulant and strong engine for job creation," said Dawn Sweeney, president and CEO of the National Restaurant Association.

In order to meet the demand for growth, restaurants can implement new payment services that allow customers to make payments efficiently using their preferred methods. Restaurant goers have indicated that they would like to see new technology at the table.

Nearly four out of 10 said that they would be likely to use tablets for electronic ordering systems and menus in the 2012 Restaurant Industry Forecast by the National Restaurant Association. About half said they would like it if restaurants provided them with online payment services for transactions when dining out.

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